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The Digital Currency Space Race

Name: The Digital Currency Space Race
Uploaded: 2022-12-07T16:21:41+00:00
Duration: 43 s
Channel: GHION.AI
Description: This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "The Digital Currency Space Race" created…

7 Dec 2022 · 1 min

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This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "The Digital Currency Space Race" created on December 7, 2022, discussing the competition between the United States and China in the realm of digital currencies, particularly focusing on the Chinese central bank's digital currency and the implications for global finance.

Many describe.
What we're in as nothing.
Short of a digital currency space race.
It's the United.
States versus China.
The Chinese central bank has launched a central bank digital currency that has more.
Than 260 million total users.
A lot of people are.
Framing this.
Idea of device centric banking and payments, AKA cryptography and blockchain.
Based finance, as.
A digital currency.
Space race.
For me, a good outcome for the.
United States, like the real space race.
Is that if our political.
Leaders start to give us a destination, then we.
Can marshal a whole.
Society response.
The answer is not to pretend it.
Doesn'T exist and that you could put.
The genie back in the bottle. The answer is actually to figure out how to enable the.
Technology and enable.
A convergence of these technologies into the traditional financial system so that billions of people around the world.
Have greater access to it.